Coterra Energy (CTRA) Advances While Market Declines: Some Information for Investors

The latest trading session saw Coterra Energy (CTRA) ending at $26.88, denoting a +0.49% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.76%. Meanwhile, the Dow experienced a drop of 1.14%, and the technology-dominated Nasdaq saw a decrease of 0.18%.Shares of the independent oil and gas company witnessed a loss of 6.04% over the previous month, beating the performance of the Oils-Energy sector with its loss of 6.68% and the S&P 500's loss of 7.29%.The investment community will be paying close attention to the earnings performance of Coterra Energy in its upcoming release. In that report, analysts expect Coterra Energy to post earnings of $0.78 per share. This would mark year-over-year growth of 52.94%. Our most recent consensus estimate is calling for quarterly revenue of $1.94 billion, up 35.62% from the year-ago period.In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.32 per share and a revenue of $8.07 billion, indicating changes of +97.62% and +47.8%, respectively, from the former year.It is also important to note the recent changes to analyst estimates for Coterra Energy. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Coterra Energy boasts a Zacks Rank of #2 (Buy).Digging into valuation, Coterra Energy currently has a Forward P/E ratio of 8.06. For comparison, its industry has an average Forward P/E of 7.73, which means Coterra Energy is trading at a premium to the group.Meanwhile, CTRA's PEG ratio is currently 0.52. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Oil and Gas - Exploration and Production - United States industry was having an average PEG ratio of 1.07.The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 56, placing it within the top 23% of over 250 industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coterra Energy Inc. (CTRA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks